Tag Archives: Tokyo

Due to overwhelming response, we are having another session this coming Sunday at Grand Hyatt Singapore 1-5pm. You are welcome to grace our event here if you are interested to invest into Tokyo properties, or even just to know abit more. Call 94772121 to book a slot.

CapitaLand, through its mall business CapitaLand Mall Asia, acquire a portfolio of four office and retail properties in Japan’s Greater Tokyo Area, for about 51 billion yen (S$636.3 million) including transaction costs.

CapitaLand currently also owns and manages four shopping malls in Japan – namely Olinas Mall, Vivit Minami-Funabashi and La Park Mizue in Tokyo; as well as Coop Kobe Nishinomiya-Higashi in Kobe.

The Ascott Ltd, CapitaLand’s wholly owned serviced residence arm, owns and manages 46 properties with more than 3,500 apartment units in Japan. The group’s Japan portfolio also includes a 20 per cent stake in an office building – the Shinjuku Front Tower.

The acquisition will strengthen its foothold in Greater Tokyo, the world’s most populous metropolis, and increase the group’s total asset size in Japan to about S$2.5 billion.

The portfolio comprises two office buildings in Yokohama, Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo, the Kokugikan Front; and, one shopping mall in Saitama, the Seiyu & Sundrug.

The long-term forecast of Greater Tokyo’s office market remains positive. The vacancies in central Tokyo expected to stay below 5 per cent through to 2025.

The Seiyu & Sundrug has a gross floor area (GFA) of close to 400,000 square feet, thus growing CapitaLand’s retail footprint in Japan by about 25 per cent to over 2 million sqft in GFA. Seiyu & Sundrug, in Saitama Prefecture, is the largest suburban mall within a three-kilometre radius.

As one of its overseas expansion push, City Developments (CDL) has entered into the land of the rising sun, with the acquisition of a 20 per cent stake in a residential project in one of Tokyo’s poshest areas. The move is in line with CDL’s diversification strategy to accelerate its overseas expansion.

CDL bought the stake from Mitsui Fudosan Residential for a confidential sum. The 163-unit project, Park Court Aoyama The Tower, has a total gross development value of more than 50 billion yen (S$666 million).

Apparently the Japan’s real estate sector, in particular within Tokyo, is experiencing a strong boom in its residential market, with robust demand for well-located condominiums.

The project is in the Aoyama area within Minato ward – the centre of business activity, and home to the offices of many multinational corporations and foreign embassies.Park Court Aoyama The Tower, a 26-storey freehold development, is targeted at high-end domestic and foreign buyers.

Apartment sizes range from 389 sq ft to 3,789 sq ft, and an initial 55 units will be launched for sale. Prices will start from 178.8 million yen for a one-bedroom unit, 199.4 million yen for a two-bedder and 271 million yen for a three-bedroom unit.

CDL’s first partnership with its Japanese partner was in 2011 when it bought a prime site in Ginza for its flagship hotel in Japan. The site was developed into a 329-room hotel that is managed by Mitsui Fudosan Group. Park Court Aoyama The Tower is the second collaboration between CDL and Mitsui Fudosan Group in Japan.

To date, CDL (including Millennium & Copthorne Hotels, and CDL Hospitality Trusts) has poured in more than 50 billion yen in 2 residential developments and 3 hotels in Tokyo.

According to a new Mastercard report for international visitors, Singapore is the most popular destination among Asia-Pacfiic spots after the capital city of Thailand. The Thai capital attracted 21.9 million visitors last year while Singapore draw 11.86m visitors. Tokyo was next with 11.76m. Thailand dominated the top 10 locations by adding Phuket and Pattaya at 5th and 8th positions.

The top sources of visitors for Singapore were Indonesia, China and India. Visitors here spent $14.1b last year.

The tourist industry in Asia Pacific is the largest in the world.

On a separate note, Singapore’s Changi Airport bounced off from a weak start to 2015 to a record of 55.4m passengers passing through the airport.

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Posts from Katonghomes: Katong Homes

The following steps will prepare your home for a quicker sale and maybe help with the price. 1. Fix and Repair If you have been dragging your feet to make all those repairs, now is the time to fix all of those nagging things that you just lived with. Inside the house, look for things […]

Are you looking to buy a freehold condo for less than $800K? Well look no further, as I have a 999-year leasehold (as good as freehold) condo in Kovan area for sale. Totally move-in condition! As owner bought it new 3 years ago and had a beautiful renovation for the home. With balcony in a […]

Are you looking investing out of Singapore for a change? Tokyo 2020 is only a couple of years away but Japan is transforming into a hotspot for both real estate investment and capital inflows. Join us for our Japan Property Gallery on 17/18 March 2018 held at Hyatt Hotel from 1- 5 pm.

Local mid-sized developer Roxy-Pacific Holdings’ associate company RH Guillemard was acquiring two freehold residential sites at 2 and 6 Guillemard Lane for a total price of $33.5 million. The developer plans to combine the two sites with two other freehold sites at 12 and 14 Guillemard Lane for residential development. Roxy-Pacific had announced the acquisition […]

The enbloc fever in Singapore does not seems to subside but only get hotter. Not only that record prices have reached for collective sales in their respective regions, but ever more estates are hopping onto the wagon. The popular East Coast/Katong area also hit headlines recently. Notwithstanding the recent transaction in July for The Albracca, […]

Are you looking for a home in the East Coast/Marine Parade area by the sea? This is a spacious home in the East Coast/Marine Parade area. Near to well known schools (Victoria School/ VJC/CHIJ, St Patrick, etc). Mins to Airport, CBD via ECP. Walking distance to the beach, the largest park in Singapore. Serene and […]

Dear readers, thank you for your continuing support for Katonghomes. As of today we have recorded more than 23,000 visits. We hope you find the content useful. Feel free to give your feedback to us. Do also join us in our mailing list! Have a great weekend ahead!

Looking for an affordable property investment in prime Katong/East Coast area? This shop is an investment with potential for redevelopment. Basement unit with existing tenancy. Near Parkway Parade, i12 Katong Mall, East Coast Park and new MRT station. Call David for more details http://www.sgbayhomes.com/20921021

A unit of Chip Eng Seng Corp and Unique Real Estate has put in the top bid for a plum site in Woodleigh Lane. Unique Real Estate is a joint venture of Heeton Holdings and KSH Holdings units. The 99-year leasehold site launched on May 30 under the confirmed list for the first half of […]

Recent posts: Regality Singapore

David Low Chor Hoon, holder of the overall Singapore EY Entrepreneur of the Year 2016, bought a old corner bungalow in Gallop Park from a retired developer. The price was at $22.888M. Based on a land area of 17,042 sqft, the price works out to be $1,343 psf. David Low, the chairman and CE of […]

The market for good class bungalows (GCBs) is lukewarm. However sales for smaller bungalows in GCB areas are on a upward trend. Good class bungalows (GCBs) are the most prestigious segment of landed property in Singapore. On the GCB front, a caveat was lodged on June 12 for the most expensive one sold this year. […]

The family that controls Hin Leong, a oil trading group, bought a bungalow in the GCB area of Queen Astrid Park, for $46M. This is the biggest purchase of such class of properties this year so far. The 2-storey house sits on a land area of 29,709 sqft, thus translating to a sold price of […]

The Victoria Park Bungalow, in the prestigious GCB area, was built about 20 years agi and sits on a 999-year leasehold land of size 29,955 sqft. This translate to S$1335 psf based on land area. The 2-storey house with a basement is sitting on a regular-shaped elevated plot and said to have 5 bedrooms with […]

Far East Organisation bought a Good Class Bungalow (GCB) on a freehold site of over 39,000 square feet at 16 King Albert Park. Far East is paying S$43.8 million for 16 King Albert Park, translating to S$1,117 per square foot (psf) based on the freehold land area of 39,228 sq ft. The group’s existing four […]

The first transaction in a Good Class Bungalow (GCB) Area this year, a bungalow along Jalan Kampong Chantek off Dunearn Road was sold for S$27.59 million — about S$1,003 per square foot (psf) based on the freehold land area of 27,504 sq ft. The property is in the Swiss Club Road GCB Area. Sited on […]

IN the same week that a bungalow on Sentosa Cove was sold at a near-record price, another sale has been concluded in the waterfront housing district at what some may consider a bargain basement price for an ultra-prime locale. BT has learnt that a seafronting bungalow along Cove Drive with views of the Southern Islands […]

The number of sales of Good Class Bungalows (GCBs) remains below the level they were at before the Total Debt Servicing Ratio was imposed in mid-2013, but there remains buying interest for this rare type of property. Developer OUE said on Thursday that it is buying two GCB plots in Nassim Road for $56.58 million. […]

The British government has put more of the Eden Hall land around its High Commissioner’s residence in Nassim Road up for sale, after selling off a portion in 2001. It has carved out two freehold land plots from the garden land for buyers with deep pockets interested in securing some of the plummiest land in […]

NINE bungalows in Good Class Bungalow (GCB) areas were transacted at a total of nearly S$177 million in the third quarter, down from 11 deals worth S$282 million in the second. The Q3 showing was, however, ahead of the seven deals that closed for a total S$167 million in the third quarter of last year. […]

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